|
6.251%
Secured Equipment Notes due 2023
|
|
|
Issuer:
|
CSX
Transportation, Inc.
|
|
Guarantor:
|
CSX
Corporation
|
|
Security:
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6.251%
Secured Equipment Notes due 2023
|
|
Size:
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$380,821,000
|
|
Coupon:
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6.251%
|
|
Interest
Payment Dates:
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January
15 and July 15, commencing July 15, 2008
|
|
Principal
Payment Dates:
|
Principal
payments on the Notes will be made in scheduled amounts on selected
payment dates, commencing July 15, 2008 and continuing until January
15,
2023, the final maturity date of the Notes.
|
|
Price
to Public:
|
100.000%
|
|
Benchmark
Treasury:
|
UST
4.25% due November 15, 2017
|
|
Benchmark
Treasury Yield:
|
4.151%
|
|
Spread
to Benchmark Treasury:
|
+210
bp
|
|
Yield:
|
6.251%
|
|
Maturity:
|
January
15, 2023
|
|
Average
Life:
|
10.3
years
|
|
Discount
Rate for Calculation of Redemption Premium:
|
Treasury
Rate + 35 bp
|
|
Trade
Date:
|
December
10, 2007
|
|
Expected
Settlement Date:
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December
13, 2007
|
|
CUSIP:
|
126410
LM9
|
|
Anticipated
Ratings:
|
A2
(Stable) by Moody’s Investors Service, Inc.
A-
(Stable) by Standard & Poor’s Ratings Services
|
|
Joint
Book-Running Managers:
|
Citigroup
Global Markets Inc.
Morgan
Stanley & Co. Incorporated
|
|
Senior
Co-Managers:
|
Barclays
Capital Inc.
Credit
Suisse Securities (USA) LLC
Deutsche
Bank Securities Inc.
J.P.
Morgan Securities Inc.
UBS
Securities LLC
|
|
Co-Managers
|
Mitsubishi
UFJ Securities International plc
Mizuho
Securities USA Inc.
Scotia
Capital (USA) Inc.
|